February 8, 2024
Via: DailyFXThe Energy Information Agency (EIA) reported another storage drawdown in Cushing Oklahoma but the latest drop was minor. Nevertheless, it extends the run of drawdowns to 5 successive prints but has struggled to meaningfully propel oil prices higher. Drawdowns imply […]
November 8, 2023
Via: DailyFXThe American Petroleum Institute (API) reported a sizable rise in US crude stocks for the week ending 3 November. The inventory build has weighed on oil prices which have already suffered amid the prospect of a continued growth slowdown in […]
June 19, 2019
Via: Market WatchOil futures turned higher Wednesday after a U.S. government snapshot of crude supplies revealed a larger-than-expected drawdown in crude stockpiles, the first in three weeks. The market also digested news that the Organization of the Petroleum Exporting Countries and their […]
December 12, 2018
Via: Market WatchOil prices gained Wednesday as signs of a decline in U.S. crude inventories offset mixed signals on supplies from the globe’s major producers even as they ready for a planned reduction in output early next year. OPEC said Wednesday that […]
October 3, 2018
Via: Market WatchOil futures ticked higher on Wednesday, resuming a march to multiyear peaks, ahead of a closely followed inventory report and as investors weighed the effects of global output on Iranian exports due to pending U.S. sanctions. November West Texas Intermediate […]
April 23, 2024
March 28, 2024
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